BSE:532218

Stock Analysis Report

South Indian Bank

Executive Summary

The South Indian Bank Limited provides banking products and services in India.


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has South Indian Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532218's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.2%

532218

-2.6%

IN Banks

-2.9%

IN Market


1 Year Return

-66.1%

532218

-43.3%

IN Banks

-29.3%

IN Market

Return vs Industry: 532218 underperformed the Indian Banks industry which returned -43.3% over the past year.

Return vs Market: 532218 underperformed the Indian Market which returned -29.3% over the past year.


Shareholder returns

532218IndustryMarket
7 Day-1.2%-2.6%-2.9%
30 Day-39.9%-32.7%-26.5%
90 Day-44.5%-38.3%-28.5%
1 Year-65.5%-66.1%-43.1%-43.3%-27.9%-29.3%
3 Year-72.4%-73.8%-36.4%-37.3%-15.4%-20.0%
5 Year-73.4%-78.3%-28.1%-30.4%-3.3%-8.3%

Price Volatility Vs. Market

How volatile is South Indian Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is South Indian Bank undervalued compared to its fair value and its price relative to the market?

3.19x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 532218's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 532218's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 532218 is good value based on its PE Ratio (3.2x) compared to the Banks industry average (11.3x).

PE vs Market: 532218 is good value based on its PE Ratio (3.2x) compared to the Indian market (9.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532218's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532218 is good value based on its PB Ratio (0.2x) compared to the IN Banks industry average (0.3x).


Next Steps

Future Growth

How is South Indian Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.8%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as South Indian Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has South Indian Bank performed over the past 5 years?

-2.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532218 has high quality earnings.

Growing Profit Margin: 532218's current net profit margins (15.1%) are lower than last year (15.4%).


Past Earnings Growth Analysis

Earnings Trend: 532218's earnings have declined by -2.3% per year over the past 5 years.

Accelerating Growth: 532218's earnings growth over the past year (9.5%) exceeds its 5-year average (-2.3% per year).

Earnings vs Industry: 532218 earnings growth over the past year (9.5%) underperformed the Banks industry 25.5%.


Return on Equity

High ROE: 532218's Return on Equity (5.7%) is considered low.


Next Steps

Financial Health

How is South Indian Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: 532218 has a low level of unsold assets or inventory.

Debt Coverage by Assets: 532218's debt is covered by short term assets (assets are 1x debt).


Financial Institutions Analysis

Asset Level: 532218's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if 532218 has a sufficient allowance for bad loans.

Low Risk Liabilities: 532218's liabilities are made up of primarily low risk sources of funding.

Loan Level: 532218 has an acceptable proportion of non-loan assets held.

Low Risk Deposits: 532218's loans are broadly funded by customer deposits.

Level of Bad Loans: 532218 has a high level of bad loans (4.99%)


Next Steps

Dividend

What is South Indian Bank's current dividend yield, its reliability and sustainability?

4.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532218's dividend (4.46%) is higher than the bottom 25% of dividend payers in the Indian market (0.95%).

High Dividend: 532218's dividend (4.46%) is in the top 25% of dividend payers in the Indian market (4.18%)


Stability and Growth of Payments

Stable Dividend: 532218's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532218's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.2%), 532218's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

V. Mathew (66yo)

5.42s

Tenure

₹11,809,110

Compensation

Mr. V. G. Mathew M.Sc., CAIIB, has been Managing Director, Chief Executive Officer and Executive Director of The South Indian Bank Ltd. since October 1, 2014. Mr. Mathew served as Chief General Manager of ...


CEO Compensation Analysis

Compensation vs Market: V.'s total compensation ($USD156.68K) is above average for companies of similar size in the Indian market ($USD48.15K).

Compensation vs Earnings: V.'s compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
V. Mathew
MD, CEO & Director5.42yrs₹11.81m0.0055% 560.4k
H. Chithra
Joint GM & CFO1.5yrsno data0.0044% 446.9k
Joseph Thomas
Executive Vice President of Operations2.58yrsno data0.0063% 638.5k
T. Raphael
Chief GM & Chief Information Officerno datano data0.0055% 554.4k
Jimmy Mathew
Deputy GMno datano data0.00039% 39.5k
P. Sibi
Deputy GM & Chief Compliance Officer2.17yrsno datano data
Anto George
GM & Chief of Internal Vigilanceno datano data0.0021% 214.9k
G. Sivakumar
Executive Vice President of Credit4.25yrsno data0.0018% 183.4k
Biju Punnachalil
Chief Risk Officer & Deputy GM2.92yrsno data0.0025% 256.4k
K. Reghunathan
Executive Vice President of Treasury4.25yrsno datano data

2.9yrs

Average Tenure

60yo

Average Age

Experienced Management: 532218's management team is considered experienced (2.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
V. Mathew
MD, CEO & Director5.42yrs₹11.81m0.0055% 560.4k
Ranjana Salgaocar
Non-Executive Independent Director5.42yrs₹1.36m0.0046% 468.2k
John Alapatt
Non-Executive Independent Director7.5yrs₹2.03m0.015% 1.6m
V. Kurian
Non–Executive Independent Director2yrs₹1.73mno data
Salim Gangadharan
Non- Executive Chairman3.33yrs₹3.50m0.0011% 112.5k
Achal Gupta
Non-Executive Director3.17yrs₹2.15mno data
Pradeep Godbole
Additional Director1yr₹60.00kno data
Francis Alapatt Palathingal A. Francis
Non-Executive Independent Director6.33yrs₹1.32m0.012% 1.2m
Parayil John Tharakan
Non-Executive Independent Director5.33yrs₹1.12m0.0012% 122.6k
M. Korah
Additional Independent Director1.58yrs₹1.08mno data

4.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: 532218's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

The South Indian Bank Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: The South Indian Bank Limited
  • Ticker: 532218
  • Exchange: BSE
  • Founded: 1929
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: ₹10.134b
  • Shares outstanding: 1.81b
  • Website: https://www.southindianbank.com

Number of Employees


Location

  • The South Indian Bank Limited
  • SIB House
  • Mission Quarters
  • Thrissur
  • Kerala
  • 680001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532218BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 1998
SOUTHBANKNSEI (National Stock Exchange of India)YesEquity SharesININRDec 1998

Biography

The South Indian Bank Limited provides banking products and services in India. The company operates through Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations segments. Its personal banking products and services include savings accounts, term deposits, and unclaimed deposits/inoperative accounts; personal, vehicle, home, gold, educational, property, and other loans, as well as one time settlement scheme for micro and small enterprises sector; and mutual funds. The company also offers insurance products, such as life insurance, health insurance, and various credit risk insurance, as well as general insurance products, such as fire, liability, marine, motor, medi claim, and travel insurance products. In addition, it offers money transfer services; various cards; and value added services consisting of SIB rewards, education fee collection, SIB pure gold, sovereign gold bonds, ATM cum shopping card, mobile and Internet banking, demat, pension system, online trading, SIB collect, PAN service agency, cash management, SIB travel card, tax payment, tax savings investments, direct debit, and safe deposit locker services, as well as distributes capital gain bonds and tax free bonds. Further, the company’s NRI banking services comprise NRE and NRO rupee accounts, and foreign currency deposits, as well as personal, home, car, property, SIB décor, and education loans; and portfolio investment schemes. Additionally, its business banking services consist of normal and premium accounts, and trader smart current account; working capital, long term, non-fund based, supply chain, and international finance; overdrafts against property; and merchant acquiring services. As of March 31, 2019, the company had a network of 870 branches, 53 extension counters, and 1,322 ATMs. The South Indian Bank Limited was incorporated in 1929 and is headquartered in Thrissur, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/29 12:46
End of Day Share Price2020/03/27 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.